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A top NAB exec has taken a swipe at the bank's competitors for “aggressive” tactics designed to gain market share.

Joseph Healy, head of the NAB's business banking and Asia operations told The Australian NAB had in recent years “walked away from transactions [where] we simply do not like the credit risk”.

"Some other institutions have an appetite for risk we simply don't have, even though we want to grow our business,” said Healy. “It's a big, big mistake to start taking on higher risk exposures simply for the sake of growing,"

While not mentioning names, Healy hit out at one competitors tactics.

"One particular institution has been very aggressive, and that aggression is evident in the market share or the growth they've seen."

COMMENTS

by AggressiveNAB20/02/2014 6:37:07 PM

NAB's UBank is aggressively targeting brokers client base to refinance causing 100% clawback being triggered and driving brokers out of business. UBank demonstrates NAB's commitment to brokers. UBank customer reviews shows that UBank is giving NAB a bad name. The reviews are entertaining reading and I direct clients to each review if they ask me about UBank, then I avoid NAB or any NAB related business.